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• Chapter 11
  Chapter 11

  noun

  a section of the Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision and can establish a schedule for the payment of debts and, in some cases, a new corporation that can continue to do business.
• chapter 11
  chapter 11

  noun

  the statute regarding the reorganization of a failing business empowering a court to allow the debtors to remain in control of the business to attempt to save it

Chapter 11

American  

Or Chapter Eleven,

noun

U.S. Law.

1. a section of the Bankruptcy Code that provides for the reorganization of an insolvent corporation under court supervision and can establish a schedule for the payment of debts and, in some cases, a new corporation that can continue to do business.

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chapter 11 British  

noun

1. the statute regarding the reorganization of a failing business empowering a court to allow the debtors to remain in control of the business to attempt to save it

   they are in chapter 11

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Etymology

Origin of chapter 11

C20: from chapter 11 of the Bankruptcy Reform Act (1978)

Example Sentences

The first of the big digital-media giants to fall was Vice, which filed for Chapter 11 bankruptcy protection in 2023.

From MarketWatch • May 20, 2026

Wolfspeed exited Chapter 11 bankruptcy in September, and shares have surged since the financial restructuring.

From Barron's • May 13, 2026

Villa Chardonnay filed for Chapter 11 bankruptcy in October 2025 after the property in Julian went into foreclosure stemming from a $1.6-million unpaid loan, according to court records.

From Los Angeles Times • May 9, 2026

Spirit Aviation Holdings shares soared 150% to $1.50 on Wednesday, following its second Chapter 11 bankruptcy filing last August.

From Barron's • Apr. 22, 2026

In Part II, Chapter 11, "a line of sustantial agreement" was changed to "a line of substantial agreement".

From The Prison Chaplaincy, And Its Experiences by Quinby, Hosea